Filed January 24, 2024
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| Provider | Service type | Compensation |
|---|---|---|
SAGEVIEW ADVISORY GROUP, LLC1+ years Service code 27 1920 MAIN ST STE 800 · IRVINE, CA 92614 | Advisory (Plan) | $24,958 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $21,394 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,585 | $53,412-39.0% | $68,509-52.4% | $52,331-37.7% |
| Participation rate | 66.8% | 71.7%-4.8pp | 74.7%-7.9pp | 68.1%-1.3pp |
| Annual return | -4.93% | 3.42%-8.4pp | 8.27%-13.2pp | 4.54%-9.5pp |
| Employer contribution / active EE | $0 | $1,607-100.0% | $2,278-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,578 | $2,688-41.3% | $3,382-53.3% | $3,022-47.8% |
| Admin fee / account holder | $290 | $461-37.1% | $5,275-94.5% | $592-51.0% |